Senior Workout Officer III - Remote Credit Recovery

Fifth Third; Ohio; Hybrid; USD 97,000 - 208,000; Full time

Job summary

Fifth Third is seeking a SAG Workout Officer III-Remote to oversee liquidation/exit of large complex credits, partnering with Portfolio Managers to optimize returns. Role emphasizes risk management, strategic action, and compliance with bank policies while supporting customers and teams remotely in Ohio.

Requirements include a degree in accounting/finance/economics or equivalent, and 8–10 years of workout banking experience with strong communication and analytical abilities.

Qualifications

• Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required.
• Strong understanding of credit policies, procedures and decisioning tools.
• Knowledge of bankruptcy law and related legal proceedings.
• Requires strong oral, written communication, and negotiation skills.

Responsibilities

• Collection of past due accounts
• Formulate and execute exit strategies on large and complex administrative loans
• Recommend/Negotiate best course of action on large and complex Administrative Loans
• Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
• Work closely/assist the Wholesale Line of Business on potential trouble credits
• Identification of potential loss on administrative credits
• Complete required reporting; such as ALSR's on administrative credits
• Maintain adequate credit/collateral files
• Identify when legal counsel is required given transaction complexity
• Serve as coach and mentor to junior workout officers
• Attend Admin Loan Meetings to present collection update and strategy
• Other duties as assigned

Skills

Credit policy knowledge

Analytical skills

Communication skills

Negotiation skills

Bankruptcy knowledge

Financial analysis

Risk management

PC proficiency

Education

Bachelor's degree in accounting, finance or economics

Tools

Windows/Excel

Job description

Fifth Third is seeking a SAG Workout Officer III-Remote to oversee liquidation/exit of large complex credits, partnering with Portfolio Managers to optimize returns. Role emphasizes risk management, strategic action, and compliance with bank policies while supporting customers and teams remotely in Ohio.

Requirements include a degree in accounting/finance/economics or equivalent, and 8–10 years of workout banking experience with strong communication and analytical abilities.